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AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation

[Oct 6 4:30 AM] AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used to expand its set of tools and raise its computing capacity…

Capstone Technology Gets $5.4M for GAYA Blockchain Project

[Sep 17 10:30 AM] Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment. Capstone Technology…

Double Jump.Tokyo Raises Over $10 Million From SBI and Sony Group

[Aug 30 4:30 AM] Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue…

AI Coding Tool Cursor Raises $60 Million at a $400 Million Valuation

[Aug 24 4:30 AM] Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The round had the…

Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain

[Aug 23 5:30 AM] Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the…

Andrena Raises $18 Million to Develop Solana-Based Depin Broadband Protocol Dawn

[Aug 9 11:20 AM] Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man…

Bitlayer Secures $11M in Series A Funding Led by Franklin Templeton and ABCDE

[Jul 23 10:30 PM] Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates Bitlayer’s total…

Wintermute in $300M funding talks, Tencent interested: Report

[Jul 23 1:23 PM] The crypto market maker could have a valuation of $2 billion if the talks come to fruition.

Report: Kraken Considers IPO Amid Renewed Investor Interest

[Jun 6 3:45 PM] Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the…

Securitize raises $47M in strategic funding led by BlackRock

[May 1 12:07 PM] Crypto firms Aptos Labs, Paxos and Circle also took part in the funding that bodes well for the future of real-world asset tokenization.

Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development

[Mar 22 2:30 AM] On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional…

Sygnum Bank Surpasses $40 Million in Strategic Funding Round

[Jan 26 1:00 AM] Sygnum Bank has outperformed its funding expectations in a strategic growth round. The company’s focus now shifts to global expansion and further development of its regulated digital asset products. Sygnum Surges Past Funding Goals, Reaching…

Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding

[Nov 21, 2023 2:30 PM] An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley…

Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs

[Nov 13, 2023 6:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador…

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition 

[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…

Nigerian Payments Provider Nomba Secures $30 Million in Pre-Series B Funding Round

[May 7, 2023 4:30 PM] The Nigerian payments startup, Nomba, is reported to have raised $30 million via a pre-Series B that was led by Base10 Partners. The new solution is expected to help the startup operate more efficiently and deliver “excellent customer…

Hexa Raises $20.5 Million to Take Real Objects to the Metaverse

[Mar 8, 2023 4:30 AM] Hexa, a 3D modeling company, has raised $20.5 million in its latest funding round to facilitate the task of bringing products into the metaverse. This new injection will ostensibly allow the company to expand its current workforce involved in…

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

[Feb 16, 2023 3:00 AM] Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large…

Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

[Dec 6, 2022 9:30 AM] Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to…